Navigating the Shifting Real Estate Market in Naples and Southwest Florida

🏘️The Naples and Southwest Florida real estate market is experiencing a shift, with some communities being under-supplied and others being over-supplied.

💰Renovated properties and those priced correctly are selling well in this market.

📉Some areas, like Pelican Bay, are showing high levels of inventory, similar to the levels during the Great Recession.

🏢Properties without an immediate golf membership in communities like Grey Oaks are having trouble selling, while those with a golf membership are selling at a premium.

🔑Renovated and turn-key ready properties are in high demand and tend to sell quickly.

What is causing the shift in the real estate market in Naples and Southwest Florida?

—The shift in the market is affected by a combination of factors, including changes in supply and demand, the aftermath of Hurricane Irma, and the preferences of buyers.

What types of properties are selling well in this market?

—Renovated properties and those priced correctly are selling well. Buyers are looking for turn-key ready homes.

Why is Pelican Bay experiencing high levels of inventory?

—There are a couple of reasons for the high levels of inventory in Pelican Bay, including damage caused by Hurricane Irma and a potential shift in the preferences of long-time owners.

Why are properties without a golf membership having trouble selling in communities like Grey Oaks?

—Buyers in the market value the availability of an immediate golf membership. Properties without a golf membership are taking longer to sell.

What types of properties are in high demand in the Naples and Southwest Florida market?

—Renovated and turn-key ready properties are in high demand. Buyers prefer properties that require minimal or no renovations before moving in.

00:00The real estate market in Naples and Southwest Florida is experiencing a shift, with some communities being under-supplied and others being over-supplied.

09:41Renovated properties and those priced correctly are selling well in this market.

16:50Some areas, like Pelican Bay, are showing high levels of inventory, similar to the levels during the Great Recession.

18:40Properties without an immediate golf membership in communities like Grey Oaks are having trouble selling, while those with a golf membership are selling at a premium.

21:40Renovated and turn-key ready properties are in high demand and tend to sell quickly.